Harish, Paresh, and Ramesh are partners and withdrew ₹ 12,000 per month on regular basis for the first six months of the financial year.

Harish withdrew at the beginning of the month, Paresh withdrew in the middle of the month and Ramesh at the month’s end.

Calculate interest on drawings @ 5% p.a. for the year ended 31st March 2023.

Anurag Pathak Changed status to publish April 15, 2023